President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'San Francisco'

ARTICLES

Home prices increased across the U.S. in February, picking up the pace in annual price gains. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007. And with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.

Think home prices in your area are unaffordable? If you live in California, especially the Bay Area, you might be right. For everyone else, reading this article might help you feel better about home prices in your area.

It’s no secret that affordable housing continues to be more difficult to find, and competition among first-time homebuyers continues to remain fierce. Here’s what some cities are doing to overcome the crisis. But homebuyers seem undeterred.

Home prices increased in all top 20 U.S. cities, with the highest annual gains seen in Seattle, Las Vegas and San Francisco. However, despite the continually rising home prices, the Case-Shiller report explained affordability is not a concern.

Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.

The battle between Sen. Elizabeth Warren, D-Mass., and CFPB Acting Director Mick Mulvaney just hit a whole other level. Warren, the architect of the CFPB, accused Mulvaney of ignoring or providing “evasive, misleading, or incomplete answers” to more than 100 questions asked of him by Democrats about the CFPB's activities. But Warren’s letter isn’t just tough talk. As the kids say, she’s got receipts.

Homebuilding saw a pickup near the end of 2017 and is even expected to fuel the housing market in 2018 as it rises to a post-recession high. But which metros came out on top as having the most homebuilding activity in 2017? Trulia conducted a new study to find out.

Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.

For the first time in five years, San Francisco fell from its spot as No. 1 least affordable housing market in the U.S. It’s replacement, another Californian city, holds a median home price significantly lower than San Francisco’s $1.18 million, however its median incomes are unable to keep up with its growing prices.

While SoFi’s mortgage business posted its best quarter ever, the company is opting to scale back a lot of its other business initiatives, as it continues to recover from the alleged sexual harassments claims about the fintech’s former CEO. So, what does SoFi plan to do next?

This month inHousingWire magazine

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.